NSW trial to allow prospective first home buyers to swap stamp duty for ongoing land tax

Buyers will be able to choose a $400 annual fee and 0.3% of the land value while it's their primary residence instead of stamp duty

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Prospective first home buyers in New South Wales will be able to see how much money they would save by opting in to an ongoing land tax instead of stamp duty, with a new online calculator.

The government will introduce legislation this year to trial the First Home Buyer Choice from January.

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